,,ii  #aafth ,,congress  #b;d ,session  
,s4 #dafg  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,july #b1      
#bjbj,mr4 ,schatz 7for himself and ,ms4 
,cortez ,masto7 introduced the following
 bill2 which was read twice and referred
 to the ,committee on ,small ,business  
and ,entrepreneurship  ,a ,,bill  ,to   
set the interest rate applicable to     
certain economic injury disaster loans1 
and for other purposes4  #a4 ,short     
title ,this ,act may be cited as the    
,small ,business ,disaster ,loan        
,enhancement ,act of #bjbj4  #b4        
,economic injury disaster loans  7a7    
,definitions ,in this section1 the terms
 ,administration and ,administrator     
means the ,administration and the       
,administrator thereof4  7b7 ,interest  
rate ,notwithstanding any other         
provision of law1 any economic injury   
disaster loan made under section        
#g7;b77#b7 of the ,small ,business ,act 
7#ae ,u4,s4,c4 #fcf7;b77#b77 during the 
period beginning on ,february #ae1      

#bjbj1 and ending on ,december #ca1     
#bjbj1 shall have an interest rate of   
not more than #a percent4  7c7          
,additional loan for existing borrowers 
7#a7 ,in general ,a recipient of an     
economic disaster injury loan made under
 section #g7;b77#b7 of the ,small       
,business ,act 7#ae ,u4,s4,c4           
#fcf7;b77#b77 during the period         
beginning on ,february #ae1 #bjbj1 and  
ending on ,december #ca1 #bjbj1 may     
submit to the ,administration an        
application for an additional amount to 
increase in the amount of that loan1    
provided that the aggregate amount      
received under such section by the      
recipient during that period shall be   
not more than #b1jjj1jjj4  7#b7         
,consideration ,in considering an       
application submitted under paragraph   
7#a71 the ,administrator shall only     
consider the financial need and ability 
to repay of the applicant4  7d7 ,loans  
for new borrowers ,with respect to an   
economic injury disaster loan made under

 section #g7;b77#b7 of the ,small       
,business ,act 7#ae ,u4,s4,c4           
#fcf7;b77#b77 during the period         
beginning on the date of enactment of   
this ,act and ending on ,december #ca1  
#bjbj-- 7#a7 the ,administrator shall   
not impose a maximum loan amount limit  
that is lower than #b1jjj1jjj2 and  7#b7
 in determining the amount of the loan1 
the ,administrator shall only consider  
the financial need and ability to repay 
of the applicant4  7e7 ,emergency ,,eidl
 grants ,section #aaaj7;e7 of division  
,a of the ,,cares ,act 7,public ,law    
#aaf-acf7 is amended-- 7#a7 in paragraph
 7#a71 by inserting full before amount2 
7#b7 in paragraph 7#c7-- 7,a7 by        
striking ,the and inserting the         
following3  7,a7 ,in general ,except as 
provided in this paragraph1 the  2 and  
7,b7 by adding at the end the following3
  7,b7 ,additional amount ,a recipient  
of an advance under this subsection of  
less than the full amount requested may 
submit to the ,administrator a request  

for an additional amount1 provided that 
the aggregate amount received shall be  
not more than #aj1jjj or1 in the case of
 an entity described in subparagraph    
7,c71 not more than #be1jjj4  7,c7      
,increased amount for certain applicants
  7i7 ,in general ,an eligible entity   
described in paragraph 7#a7 that        
suffered a decline in gross receipts of 
not less than #ej percent during an     
#h-week period between ,march #b1 #bjbj1
 and ,december #ca1 #bjbj1 relative to a
 comparable #h-week period immediately  
preceding ,march #b1 #bjbj1 or during   
#bjai may request an advance of not more
 than #be1jjj4  7ii7 ,determination of  
need ,in determining the amount of the  
advance under clause 7i71 the           
,administrator shall only consider the  
financial need of the applicant4  2 and 
7#c7 in paragraph 7#g71 by striking     
#bj1jjj1jjj1jjj and inserting           
#dj1jjj1jjj1jjj4  7f7 ,appropriations   
,out of amounts in the ,treasury not    
otherwise appropriated1 there is        

appropriated-- 7#a7 to the              
,administration #hj1jjj1jjj1jjj to carry
 out subsection 7c72 and  7#b7 for an   
additional amount for ,emergency ,,eidl 
,grants for the cost of emergency ,,eidl
 grants authorized by section #aaaj of  
division ,a of the ,,cares ,act 7,public
 ,law #aaf-acf71 #bj1jjj1jjj1jjj1 to    
remain available until expended1 to     
prevent1 prepare for1 and respond to    
coronavirus1 domestically or            
internationally4  7g7 ,transfer of      
unobligated ,,pp amounts to ,,eidl      
account ,any amounts appropriated for   
loans made under section #g7;a77#cf7 of 
the ,small ,business ,act 7#ae ,u4,s4,c4
 #fcf7;a77#cf77 that are unobligated as 
of ,august #h1 #bjbj shall be           
transferred to the appropriations       
account under the heading #8#8,small    
,business ,administration--,disaster    
,loans ,program ,account'' and made     
available for the purpose of carrying   
out section #g7;b77#b7 of the ,small    
,business ,act 7#ae ,u4,s4,c4           

#fcf7;b77#b774  7h7 ,emergency          
designation  7#a7 ,in general ,the      
amounts provided under this section are 
designated as an emergency requirement  
pursuant to section #d7;g7 of the       
,statutory ,pay-,as-,you-,go ,act of    
#bjaj 7#b ,u4,s4,c4 #icc7;g774  7#b7    
,designation in senate ,in the ,senate1 
this section is designated as an        
emergency requirement pursuant to       
section #daab7;a7 of ,h4 ,con4 ,res4 #ga
 7#aaeth ,congress71 the concurrent     
resolution on the budget for fiscal year
 #bjah4